Published Date: 30-Sep-2022
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According to a new report, published by KBV research, The Global Decentralized Finance Market size is expected to reach $125.1 billion by 2028, rising at a market growth of 42.8% CAGR during the forecast period.
The Blockchain Technology market is leading the Global Decentralized Finance Market by Component in 2021; thereby, achieving a market value of $56 billion by 2028. By reducing transaction costs, encouraging distributed trust, and boosting decentralized platforms, blockchain technology could substitute the underlying principles of the current decentralized business models.
The Payments market would showcase a CAGR of 43.3% during (2022 - 2028). The primary use case for the DeFi sector and the blockchain ecosystem in its entirety is peer-to-peer payment. Blockchain technology allows users to safely and immediately exchange cryptocurrencies with one another, doing away with the need for middlemen. Large financial institutions may improve market infrastructure and provide better services to their wholesale and retail clients with the help of DeFi payment solutions.
The North America market dominated the Global Decentralized Finance Market by Region in 2021; thereby, achieving a market value of $45 billion by 2028. The Europe market would witness a CAGR of 42.2% during (2022 - 2028). Additionally, The Asia Pacific market is exhibiting a CAGR of 43.8% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Aave, Balancer Labs, Compound Labs, Inc., Badger DAO, Bancor, SushiSwap (Yearn Finance), MakerDao, Synthetix and Curve Finance.
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